Yesterday I made a first purchase of this month, buying a couple of shares of Bank of Nova Scotia (BNS).
As we've been having some extra unexpected expenses the amount of pocket money we have has shrunk a bit. So our first priority, as well as making extra mortgage payments, is filling our coffers again.
Having said that, we were able to make this small purchase, partly from our received dividends ans a little bit of new cash.
We bought 4 shares of BNS at a price of $55.30 a piece. With transaction fees the cost basis of this purchase was €201.67. As BNS pays about $2.28 a year in dividend it yields 4%.
My expected dividend after taxes is raised a bit to about €402 a year. This is lower than I reported in earlier posts. Because the dollar is taking a hit compared to the Euro, my expected dividend income has dropped a couple of percents recently.
BNS is a new position for me. You can see a dividend stock analysis of this company by roadmap2retire here.